Before noon, the company had lost $16 billion of its market value. Kraft Heinz's earnings report showed net sales rose 0.7 percent from previous year and organic net sales rose 2.4 percent. This is not the only issue as Kraft Heinz revealed non-cash impairment charges of $15.4bn after writing down the value of assets including the Kraft and Oscar Mayer brands. [Full Article...]

The change means employees will no longer have to take their disputes with Google to an arbitrator ― they'll have the option of suing the company individually or together as a group. The group also called on employees from other tech companies to join in their efforts. Google was aware of these concerns and it took the group's complaints into account when making the latest changes. [Full Article...]

Federal Reserve policymakers on Wednesday (Feb 20) gave little sense of how long their "patient" stance on USA interest rate policy would last, and while promising "before too long" a plan for their US$4 trillion (S$5.4 trillion) balance sheet, left unclear what that plan would entail. [Full Article...]

Earlier this week, President Trump said that March 1, the deadline he had set for trade talks to reach a deal or start imposing new tariffs on Chinese imports, is "not a magical date", suggesting that the Administration could be flexible and not slap more tariffs if a deal is not reached by that date. [Full Article...]

But DUP Brexit spokesman Sammy Wilson said such a move would be contrary to European Union state aid rules, which prevent governments from assisting businesses through subsidies and grants. "Simply put, as a result of a lot of hard work my only desire is to see this legislation sit on the shelf". The proposed laws - made up of 15 parts - cover a range of areas and focus on protecting Irish citiz... [Full Article...]

Citing "safety reasons", it said that flight operations were suspended "in line with agreed protocols for confirmed drone sightings". But if that's true, and costly drone-mitigation features can be outfoxed by simply hiding behind a shed for a bit, the airports are surely fighting a losing battle in this war on bored men with drones. [Full Article...]

He added that even if the videos are flagged and comments have been turned off, they are still being monetised and available for users to watch. For the most part, the videos targeted by pedophiles did not violate YouTube's rules and were innocent enough - young girls doing gymnastics, playing Twister or stretching - but the videos became overrun with suggestive remarks directed at the children. [Full Article...]

The decision that the United Kingdom will be watched closely by other nations undecided about the direction of their own policy on Huawei. It is not in any sensitive networks - including those of the government. Prime Minister Jacinda Ardern said essentially the same thing on Wednesday, saying the country had to make its own decisions about Huawei regardless of its intelligence relationships wit... [Full Article...]

Honda said in 2018 it would shut its British operations for six days in April to help counter any border disruption from Brexit . Apparently, the U.K.is not one of them. The model will go out of production in 2021. This morning, Honda said the closure was in response to "unprecedented changes in the global automotive industry". [Full Article...]

On Monday, the US-based Motor and Equipment Manufacturers Association urged Trump not to impose new tariffs on European Union cars, saying it would put United States jobs at risk. Trump has 90 days to decide whether to act upon the recommendations, which auto industry officials expect to include at least some tariffs on fully assembled vehicles or on technologies and components related to elec... [Full Article...]

Back in November, it was reported that the U.S. had reached out to its allies, advising them not to use Huawei parts in their telecom infrastructure. The source said: 'Other nations can make the argument that if the British are confident of mitigation against national security threats then they can also reassure their publics and the United States administration that they are acting in a prude... [Full Article...]

The Payless bankruptcy from 2017 resulted in the company shuttering the doors of more than 500 "underperforming" locations in the US and Puerto Rico. FOX Business has been following the "retail apocalypse" as more and more brick-and-mortar stores either seek bankruptcy protection or go out of business completely. [Full Article...]

Rivian founder and chief executive R.J. Scaringe referred to the investment round as an important milestone for the startup on a road to "sustainable mobility". The funding will be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first carmaker to the USA consumer market with an electric pickup. [Full Article...]